
AppLovin has delivered extraordinary returns, up 1,227% since May 2022, far outpacing the S&P 500. Recent Q1 results show 59% revenue growth to $1.84 billion, driven by Axon Ads Manager's 93% net revenue per install increase despite an 18% install volume decline. Margins expanded as the cost of revenue fell to 11.05% and sales/marketing costs dropped to 3.3% of sales, boosting net income to $1.21 billion.










